He also talked about the government’s commitment to fiscal consolidation and the impact of demonetisation on the economy. Edited excerpts:On the focus of Budget 2017:This budget is very strong on fiscal, on macroeconomic parameters and on reforms. On the impact of demonetisation:So far, all the assessments about the impact of demonetisation are based on anecdotal evidence. But the impact is not expected to spill over to the next year and this fact is recognized by all the rating agencies. On divergence from fiscal deficit:We have not deviated from the path of fiscal prudence.

Source: Mint February 05, 2017 16:59 UTC